HRS §421C-42
What happens to non-escheat patronage refunds
This section says an electric utility cooperative must give its non-escheat patronage refunds to a nonprofit corporation. That nonprofit must use the money only for certain purposes, like helping low-income customers, donating to charities, giving scholarships, or other member benefits approved by its board.
counties
The statute, as written — Disposition of non-escheat patronage refunds
(a) An electric utility cooperative association shall transfer all non-escheat patronage refunds to a nonprofit corporation incorporated pursuant to chapter 414D. (b) The nonprofit corporation to which non-escheat patronage refunds are transferred pursuant to subsection (a) shall use the non-escheat patronage refunds to: (1) Fund electric energy assistance programs for low-income persons who reside in the service area of the electric utility cooperative association; (2) Make donations to other nonprofit charitable and community organizations, as authorized by its board of directors; (3) Grant educational scholarships to individuals who reside in the service area of the electric utility cooperative association; or (4) Support other appropriate uses for the benefit of the general membership of the electric utility cooperative association, as may be authorized by its board of directors.
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